Financials · financial year 2025, micro format
Annual accounts 2025 filed on 16-07-2026 at the NBB all 2 filings
Equity
€24,420▲ 20.0%
2024 · €20,351
Net result
€4,903▼ 73.0%
2024 · €18,184
Total assets
€68,676▼ 0.1%
2024 · €68,721
Solvency
35.6%▲ 5.9pp
2024 · 29.6%
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€2,688
▼ 90.8%
2025
20242025
Net result
€4,903
▼ 73.0%
2025
middle half of the sector
20242025
Equity
€24,420
▲ 20.0%
2025
lowest quarter of the sector
20242025
Total assets
€68,676
▼ 0.1%
2025
lowest quarter of the sector
20242025
Debt
€44,256
▼ 8.5%
2025
20242025
Working capital
-€16,302
▼ 2.2%
2025
middle half of the sector
20242025
Solvency
35.6%
▲ 5.9pp
2025
middle half of the sector
20242025
Current ratio
0.23
▲ 0.07
2025
lowest quarter of the sector
20242025
Return on assets (ROA)
7.1%
▼ 19.3pp
2025
middle half of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result€29,101-€2,688▼ 90.8%
Net result€18,184within the sector's middle half-€4,903within the sector's middle half▼ 73.0%
Equity€20,351below the sector's middle half-€24,420below the sector's middle half▲ 20.0%
Total assets€68,721below the sector's middle half-€68,676below the sector's middle half▼ 0.1%
Debt€48,370-€44,256▼ 8.5%
Working capital-€15,950within the sector's middle half--€16,302within the sector's middle half▼ 2.2%
Solvency29.6%within the sector's middle half-35.6%within the sector's middle half▲ 5.9pp
Current ratio0.16below the sector's middle half-0.23below the sector's middle half▲ 0.07
Return on assets (ROA)26.5%above the sector's middle half-7.1%within the sector's middle half▼ 19.3pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 91% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €68,676
Fixed assets
€63,750 ▼ 2.9%
Current assets
€4,926 ▲ 59.5%
Equity and liabilities €68,676
Equity
€24,420 ▲ 20.0%
Debt
€44,256 ▼ 8.5%
Debt's share of the balance-sheet total falls from 70.4% to 64.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
20.1%▼
2024 · 89.4%
Debt ≤ 1 year
€21,228▲
2024 · €19,038
Debt > 1 year
€23,028▼
2024 · €29,332
Income taxes
€902▼
2024 · €6,935
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €12,507 | €669 |
| Financial fixed assets | €56,000 | - |
| Depreciation and write-downs of the year | €2,874 | €2,552 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,874 | €2,552 | ▼ 11.2% |
| Other operating charges640/8 | €1,081 | €733 | ▼ 32.2% |
| Gross operating margin9900 | €33,056 | €5,973 | ▼ 81.9% |
| Operating profit (loss)9901 | €29,101 | €2,688 | ▼ 90.8% |
| Financial income75/76B | - | €5,112 | - |
| Recurring financial income75 | - | €5,112 | - |
| Financial charges65/66B | €3,983 | €1,995 | ▼ 49.9% |
| Recurring financial charges65 | €3,983 | €1,995 | ▼ 49.9% |
| Profit (loss) for the period before taxes9903 | €25,119 | €5,805 | ▼ 76.9% |
| Income taxes67/77 | €6,935 | €902 | ▼ 87.0% |
| Profit (loss) for the period9904 | €18,184 | €4,903 | ▼ 73.0% |
| Profit (loss) for the period to be appropriated9905 | €18,184 | €4,903 | ▼ 73.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €68,721 | €68,676 | ▼ 0.1% |
| Fixed assets21/28 | €65,633 | €63,750 | ▼ 2.9% |
| Tangible fixed assets22/27 | €9,633 | €7,750 | ▼ 19.5% |
| Plant, machinery and equipment23 | €1,589 | €1,058 | ▼ 33.4% |
| Furniture and vehicles24 | €4,474 | €3,499 | ▼ 21.8% |
| Other tangible fixed assets26 | €3,570 | €3,193 | ▼ 10.6% |
| Financial fixed assets28 | €56,000 | €56,000 | = |
| Current assets29/58 | €3,088 | €4,926 | ▲ 59.5% |
| Amounts receivable within one year40/41 | - | €2,009 | - |
| Other amounts receivable41 | - | €2,009 | - |
| Cash at bank and in hand54/58 | €2,518 | €1,827 | ▼ 27.4% |
| Deferred charges and accrued income490/1 | €570 | €1,090 | ▲ 91.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €68,721 | €68,676 | ▼ 0.1% |
| Equity10/15 | €20,351 | €24,420 | ▲ 20.0% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Reserves13 | €17,351 | €21,420 | ▲ 23.5% |
| Distributable reserves133 | €17,351 | €21,420 | ▲ 23.5% |
| Amounts payable17/49 | €48,370 | €44,256 | ▼ 8.5% |
| Amounts payable after more than one year17 | €29,332 | €23,028 | ▼ 21.5% |
| Financial debts170/4 | €29,332 | €23,028 | ▼ 21.5% |
| Amounts payable within one year42/48 | €19,038 | €21,228 | ▲ 11.5% |
| Current portion of amounts payable after more than one year42 | €5,970 | €6,304 | ▲ 5.6% |
| Trade debts44 | €3,453 | €1,807 | ▼ 47.7% |
| Suppliers440/4 | €3,453 | €1,807 | ▼ 47.7% |
| Taxes, remuneration and social security45 | €8,474 | €12,283 | ▲ 44.9% |
| Taxes450/3 | €8,474 | €12,283 | ▲ 44.9% |
| Other amounts payable47/48 | €1,140 | €833 | ▼ 26.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €18,184 | €4,903 | ▼ 73.0% |
| + Depreciation and write-downs630 | €2,874 | €2,552 | ▼ 11.2% |
| Operating cash flow (approximation) | €21,058 | €7,455 | ▼ 64.6% |
| Investment in fixed assets (approximation) | - | -€669 | - |
| Change in cash | - | -€691 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.